Billet
Billet inventories in Iran market is in decreasing trend and this resulted price development for this product. Although demand is still low Billet 150 x 150mm in recent deals concluded at Rials4,150.- per kg (USD420.-/mt).
There is low Billet inventory in Bandar Anzali, which is the most important ports in north of Iran. In case of increasing demand, price jumping is inevitable but quiet market of long products in line with holidays of religious ceremonies in Iran is a big obstacle for billet price increase.
Sections
Latest index price for Debar Dia 8 to 25mm, Isfahan product in TME was Rials4,950.- per kg (USD501.-/mt). Considering VAT and extras final price would be Rials5,220.- per kg (USD528.-/mt) whereas average price in retail market for same product is Rials5,250.- /kg (USD531.-/mt).
Also Isfahan IPE size 140mm in TME is concluded at Rials5,789/kg (USD586.-/mt), that by counting VAT and other extras final price for this product will be Rials6,050.-/kg (USD612.-/mt) whereas average retail price in domestic market for same product is Rials6,150.-/kg (USD622.-/mt).
Flat products
Flat product market in comparison with other steel products is more stable. Inventories are not so high. Recently, price for HRC thickness 2.00mm (which is the most common size in Iran market) decreased Rials200.- (USD20.-/mt) from previous week which was due to low demand and high imported materials flowed to market through north and south Iranian ports. Most of traders imported HRC 2.00mm at USD600.- per ton and higher that its finished retail price will be Rials6,000.- (USD607.-/mt) including VAT, whereas retail current market price for this material in domestic market is Rials5,700.- per kg (USD577.-/mt)
Iran market within current weeks is in religious ceremonies and will not see any sign of demand increase or price fluctuation now. Mobarake Steel Complex did not announce any price increase but Kavian Steel Complex added Rials50.- per kg (USD5.- /mt) to its high thickness flat products.
Basis price for CRC is stable around USD610.- per ton CFR Anzali with little offers. Despite low inventory of this product there is no sign for price increase. Demand is low too.
HDG Coil and PPGI market is in the same condition with CRC. If mills reduce prices it will make market condition worse.
Iran Steel Service Center